Stifel Financial Corp Has $42.65 Million Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Stifel Financial Corp boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 23.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 260,307 shares of the oil and natural gas company's stock after acquiring an additional 48,991 shares during the quarter. Stifel Financial Corp owned 0.09% of Diamondback Energy worth $42,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its stake in Diamondback Energy by 8.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,915 shares of the oil and natural gas company's stock valued at $1,297,000 after purchasing an additional 647 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Diamondback Energy by 22.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,631 shares of the oil and natural gas company's stock worth $2,888,000 after buying an additional 3,218 shares during the last quarter. Transce3nd LLC bought a new position in Diamondback Energy during the fourth quarter valued at approximately $38,000. Sharpepoint LLC bought a new stake in Diamondback Energy in the fourth quarter worth approximately $978,000. Finally, MetLife Investment Management LLC increased its stake in shares of Diamondback Energy by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 49,489 shares of the oil and natural gas company's stock worth $8,108,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Insider Activity

In other Diamondback Energy news, Director Frank D. Tsuru purchased 2,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This represents a 53.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FANG has been the topic of several analyst reports. Barclays lowered their target price on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley reissued an "overweight" rating on shares of Diamondback Energy in a research note on Tuesday, April 15th. Wolfe Research upgraded Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a report on Friday, January 3rd. KeyCorp dropped their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Piper Sandler decreased their price objective on shares of Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $199.00.

Diamondback Energy Trading Down 0.5 %

Shares of Diamondback Energy stock traded down $0.75 during trading on Tuesday, hitting $137.07. 504,027 shares of the company were exchanged, compared to its average volume of 2,093,216. The firm has a market capitalization of $40.31 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The firm's fifty day moving average price is $144.59 and its 200 day moving average price is $162.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.55 billion. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a dividend of $1.00 per share. This is a boost from Diamondback Energy's previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Thursday, March 6th. Diamondback Energy's dividend payout ratio (DPR) is currently 25.32%.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.